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Company name Accenture plc
Stock ticker ACN
Live stock price [stckqut]ACN[/stckqut]
P/E compared to competitors Good
MANAGEMENT EXECUTION
Employee productivity Poor
Sales growth Fair
EPS growth Good
P/E growth Poor
EBIT growth Good
ANALYSIS
Confident Investor Rating Fair
Target stock price (TWCA growth scenario) $66.93
Target stock price (averages with growth) $61.56
Target stock price (averages with no growth) $48.05
Target stock price (manual assumptions) $62.23

The following company description is from Google Finance: http://www.google.com/finance?q=acn

Accenture plc (Accenture) is a management consulting, technology services and outsourcing company, which has offices and operations in more than 200 cities in 53 countries. Its business is organized in five operating groups and their 19 industry groups. Its five operating groups include communications & high tech, financial services, health & public service, products and resources. In November 2010, the Company acquired Knowledge Rules, Inc. In November 2010, Ariba, Inc. completed the sale of its sourcing services and business process outsourcing (BPO) services assets to the Company. In January 2011, the Company completed its acquisition of CAS Computer Anwendungs- und Systemberatung AG (CAS). In August 2011, the Company acquired Duck Creek Technologies. In November 2011, the Company acquired Zenta, a provider of residential and commercial mortgage processing services in the United States.

Confident Investor comments: At this time, I think that a Confident Investor can cautiously invest in this stock as long as the price is correct. Most of the fundamentals of this company are good and while it seems ironic to say this about a consulting company but there are some concerns.

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Over the last several weeks, I have been giving updates on the Watch List to confirm that these companies are still worthy of your investment dollar. This is an excellent exercise and one should consistently question the validity of a company as an investment option. Never be afraid of coming to the conclusion that you should no longer be actively investing in a company or even totally liquidating your position.

Now I will resume going back to analyzing a broader pool of companies and identifying both Good and Bad companies.  In another few months, I will go back to the Watch List and do the review again.

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Company name Washington Banking Company
Stock ticker WBCO
Live stock price [stckqut]WBCO[/stckqut]
P/E compared to competitors Good
MANAGEMENT EXECUTION
Employee productivity Good
Sales growth Good
EPS growth Good
P/E growth Poor
EBIT growth Good
ANALYSIS
Confident Investor Rating Good
Target stock price (TWCA growth scenario) $17.37
Target stock price (averages with growth) $20.21
Target stock price (averages with no growth) $14.79
Target stock price (manual assumptions) $13.49

The following company description is from Google Finance: http://www.google.com/finance?q=wbco

Washington Banking Company is a bank holding company. The Company’s primary business is conducted by its wholly owned subsidiary, Whidbey Island Bank (the Bank). The business of the Bank, which is focused in the northern area of Western Washington, consists primarily of attracting deposits from the general public and originating loans. The Bank also offers nondeposit managed investment products and services, which are not Federal Deposit Insurance Corporation (FDIC) insured. These programs are provided through the investment advisory companies Elliott Cove Capital Management LLC and DFC Services & DFC Insurance Services. Another nondeposit product offered through the Bank, which is not FDIC insured, is a sweep investment option available through a brokerage account. On April 16, 2010 and September 24, 2010, the Bank acquired certain assets and assumed certain liabilities of City Bank and North County Bank, respectively, from the Federal Deposit Insurance Corporation (FDIC).

Confident Investor comments: At this price and at this time, I think that a Confident Investor can confidently invest in this stock.